Retail Loan Officer Salary
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How much does a Retail Loan Officer make? The average Retail Loan Officer salary is $73,281 as of June 27, 2024, but the salary range typically falls between $64,283 and $83,983. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Salary range for a Retail Loan Officer
$64,283 to $83,983
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What does a Retail Loan Officer do?
Common responsibilities of a Retail Loan Officer
Actively educates members on credit and suggests products that will always put them in a better financial situation.
May 10, 2023
Determine customer loan needs and recommend the right products to help meet their goals according to organization's lending guidelines.
December 03, 2022
Attend sales seminars and builder/realtor meetings to generate loan volume within market area.
December 12, 2022
Provide a high level of customer service to every customer during the loan process.
February 08, 2023
Manage active pipeline from origination to closing, work effectively with fulfillment departments to ensure loan requirements are satisfied and deadlines met.
February 13, 2023
Participate in business related development opportunities that promote homeownership and professional organizations.
March 05, 2023
Understanding of federal regulations governing Real Estate Lending.
March 17, 2023
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Explore JobArchitectRetail Loan Officer Salary in Major Cities
This chart shows the salary comparison for Retail Loan Officer between major cities. San Francisco City consistently ranks #1 as of June 27, 2024. Click on the chart to see the detail salary data for Retail Loan Officer in each city.
Retail Loan Officer Salary by State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Retail Loan Officer Salary by City
Click to see the salary for Retail Loan Officer in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $91,602 |
| Washington, DC | $81,562 |
| Miami, FL | $70,717 |
| Chicago, IL | $76,872 |
| Boston, MA | $82,148 |
| New York, NY | $85,593 |
| Dallas, TX | $72,329 |
If you'd like know Retail Loan Officer Salary in other cities, then please select a city in
Average Salary Range for Retail Loan Officer
Average Base Salary
Core compensation
64283
83983
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Retail Loan Officer in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Retail Loan Officer in the United States. The base salary for Retail Loan Officer ranges from $64,283 to $83,983 with the average base salary of $73,281. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $66,811 to $92,147 with the average total cash compensation of $78,590.
View Average Salary for Retail Loan Officer as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $73,281 | $64,283 - $83,983 |
| Bonus | $5,308 | $2,528 - $8,165 |
| Total Pay | $78,590 | $66,811 - $92,147 |
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.
Estimate Salary for Retail Loan Officer online for free
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Please enter the following pay factors for Retail Loan Officer, to get a real-time salary target.
If you want to get more detailed salary information, please view Professional Salary Report
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64283
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Comments about Retail Loan Officer
What's the difference between Retail Loan Processor and Retail Loan Officer?
According to our latest salary estimation on June 27, 2024. The average salary of Retail Loan Officer is $73,281, and the average salary of Retail Loan Processor is $46,388. The average salary of Retail Loan Processor is lower than Retail Loan Officer. ( 2024-06-27 salary.com )
I am a Retail Loan Officer, which location’s salary is higher, Auburn, AL or Bentonville, AR?
Bentonville, AR typically sees higher pay than Auburn, AL for Retail Loan Officer. a Retail Loan Officer Salary in Bentonville, AR is $66,246 as of June 27, 2024; a Retail Loan Officer Salary in Auburn, AL is $64,634 as of June 27, 2024. ( 2024-06-27 salary.com )
Retail Loan Officer Frequently Asked Questions
Why does the salary of a Retail Loan Officer vary from city to city?
The cost of living is tied to salaries.
If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there.
This is why you're always going to make more money in New York City for example, than in a small town. ( 2024-06-27 salary.com )
What are the Pay Factors for Retail Loan Officer?
Salary ranges for a Retail Loan Officer can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience.
Click here to view Eight Factors That Can Affect Your Pay ( 2024-06-27 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company,
but there are several important pay factors that come into play based on your individual history that could impact your value to the company.
Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2024-06-27 salary.com )
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Last Update: June 27, 2024